Wed Sep 25 08:45:55 UTC 2024: ## OneTrust Unveils New Capabilities to Help Financial Institutions Achieve DORA Compliance

**Atlanta, GA – [Date]** – OneTrust, a leading privacy and data governance platform provider, has announced new capabilities designed to help financial organizations enhance their resilience and operationalize compliance with the EU’s Digital Operational Resilience Act (DORA).

These new capabilities, built upon OneTrust’s comprehensive Third-Party Management solution, will provide organizations with tools to streamline DORA compliance, including automated reporting generation and advanced screening and compliance data analysis.

“An organization’s supply chain can be both its greatest asset and its biggest vulnerability,” said Shiven Patel, Director of Third-Party Management at OneTrust. “As cyber resilience mandates like DORA gain momentum, organizations need to understand their extended enterprise and manage risk effectively. Our enhanced Third-Party Management solution empowers teams to gain visibility, automate risk and compliance management, and ultimately strengthen their resilience.”

OneTrust’s new capabilities include:

* **Automated DORA “register of information” report creation**: Simplifies reporting requirements for DORA compliance.
* **Out-of-the-box depth of screening and compliance data**: Provides comprehensive insights into potential risks within the supply chain.
* **Integrated ICT and digital supply chain resilience**: Offers a holistic approach to managing risks across the entire ecosystem.

OneTrust’s Third-Party Management solution already empowers organizations to centralize risk management processes. With these new capabilities, organizations can:

* **Implement a data-centric and risk-based approach**: Identify and mitigate risks proactively.
* **Align internal teams**: Foster a culture of risk awareness and collaboration.
* **Create a resilient third-party ecosystem**: Improve security and scalability.

“By integrating with OneTrust’s Compliance Automation solution, our Third-Party Management platform helps organizations operationalize DORA requirements and build a fully compliant ICT risk management program,” said Patel.

With DORA set to take effect in January 2025, these new capabilities from OneTrust offer financial institutions a valuable head-start in achieving compliance and building a more resilient organization.

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